Let's face it, if you are relying on a pension or some form of government program to provide the income you need in retirement - well, you may be in some trouble.

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In America we have Social Security has the main program to provide individuals with income during retirement. Then you add in government and corporate pensions, along with 403(b) and 401(k) plans and you pretty much have all the programs for retirement that are note self directed.

Are These Enough?

Furthermore, will many of these programs exist when it comes time for you to take regular income?

Social Security

The beauty about economic reports by the news and other such parties, is that in the end the raw data is out there for us to dig into ourselves and see what is truly going on.

When it comes to the U.S. Social Security program, we can do this because of a wonderful statute that requires the Treasury to produce an annual financial statement.

So taking a look at the statement for year end 2016; there is a table that shows that net present value of the funding liability over the next 75 years for Social Security and Medicare is at a $47.5 trillion deficit compared to the net present value of the tax revenues designated for that program.

Does that give you the warm and fuzzies?

I know I'm not sitting around relying on the government to support my retirement. Old school corporate pensions are not in much better shape either, which is why most companies have scrapped them over the past decade and are looking for way to end or buyout the existing pension liabilities.

In fact, I wish I could opt out of paying the social security tax, forfeit everything I have paid into it over the last 20 years and the benefits I am too receive. Much rather keep the next 20 years worth of money and invest it myself.

Need to take Retirement into your own hands

There are many things we can do to produce passive income and take control of our retirement funding needs.

In this post, I'm going to touch on one.....

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Rental Real Estate

Here are two simple reasons this makes sense:

• 1.) As a rental you are producing cash flow while having the house paid off by your tenants as you hold it throughout your working years.

• 2.) Once it is paid off as you near retirement, your cash flow from the property jump exponentially. This gives you a nice chunk of income coming in each month to cover part of your income needs.

Is it that easy?

Nothing is done well without some time and effort. However, successfully acquiring and holding rental property isn't as difficult as people make it out to be.

All you need to do is learn a handful of good investment principles and essentially "buy right."

Let Me Share My Lessons With You

Five years ago I knew nothing about rental property investing. Nowadays I hold several properties that produce cash flow as I build my way toward retirement.

I have shared my journey; the mistakes, lessons and epiphanies on my blog and in my book. Feel free to use what I have learned.

You can find it all on my website: https://scaredycatguide.com/ or checkout the book on Amazon - ScaredyCatGuide: Investing in Rental Properties

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Whether it's real estate, dividends or royalties. Be sure you work to build up retirement income so you are not relying on an agency of government to supply your retirement!

Let's us Do Better, Be Better.

Best Regards,